Andre Leung

Nomura is planning to grow its presence in Japan’s fast-growing digital asset market. Its subsidiary, Laser Digital, is seeking regulatory approval to offer crypto trading services to institutional clients. CEO Jez Mohideen confirmed that Laser is in talks with the Financial Services Agency, Japan (JFSA, 金融庁), showing Nomura’s confidence in the country’s growing crypto ecosystem. Laser, set up in 2022, provides services from asset management to venture capital. It already holds a full crypto license in Dubai. Expanding into Japan would allow Laser to offer broker-dealer services to traditional financial institutions and local crypto companies, including digital asset exchanges. This positions Nomura to attract sophisticated investors as crypto becomes more integrated into mainstream finance. Other Japanese firms are also embracing crypto; for example, Daiwa Securities Capital Markets recently allowed clients to use Bitcoin and Ether as collateral to borrow yen, showing growing acceptance in traditional finance. 👉 Subscribe to our weekly LinkedIn newsletter, the "Japan FinTech Observer", here: https://lnkd.in/gNjUuSxG Read more: https://lnkd.in/g7r6T7zr

55

1 Comment

recoveris secures 1M francs from VerifyVASP for AI blockchain platform Zug-based blockchain intelligence company Recoveris closed 1M francs in strategic financing led by Singapore digital asset RegTech VerifyVASP, with participation from angel investors. Founded last June, Recoveris serves crypto exchanges, DeFi projects, banks, insurers, law firms, and individuals with digital asset recovery services. The AI platform will add scalability and advanced intelligence to on-chain analysis for blockchain crime investigation. The funding will accelerate development of Recoveris's AI-enhanced blockchain investigation management system. CEO and founder Marcin Zarakowski said: "This 1M francs is rocket fuel for our technology roadmap, enabling us to build the management system that will define the future of on-chain investigations." VerifyVASP CEO ShihYun Chia added the partnership combines Recoveris' vision with VerifyVASP's verified data to make the digital economy safer. Source: https://lnkd.in/e9i-YqYa This and more FinTech news in my newsletter— sign up here: https://lnkd.in/gNimrjeR Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story. Next! [ 𝗹𝗶𝗸𝗲 ]

82

7 Comments

The SFC’s latest circular sets out new custody standards for licensed virtual asset trading platforms, which will also form the foundation of a forthcoming custodian regime under the ASPIRe roadmap. These standards raise the bar on wallet controls, third-party oversight, and real-time monitoring, directly addressing vulnerabilities behind many recent global breaches. This will likely concentrate the market around operators with the scale and expertise to meet them, making advanced custody setups more viable. Robust custody and cybersecurity controls are key to attracting long-term capital and safeguarding Hong Kong’s position as a trusted, competitive hub. The challenge, and opportunity, is to strike the right balance: enabling the use of innovative, specialised technology solutions that drive growth, while delivering the due diligence and assurance needed to protect client assets. To ensure these frameworks remain effective over time, regulation should be principle-based so it can scale and adapt with market developments. The city’s commitment to responsible innovation, backed by close industry–regulator collaboration, will keep it at the forefront of the global digital asset market. I shared some thoughts with The Block's Timmy Shen. Read the full article here 👉 https://lnkd.in/gqbtZhKT

54

1 Comment